Infosys Share: Experts believe that in the coming days, the shares of the country’s top IT company Infosys can see a good boom. This stock has been witnessing profit booking since last few days. Meanwhile, brokerage company Motilal Oswal has given a target of Rs 1520 for this stock and predicts that the share price can increase by 18 percent from the current level. Infosys shares fell 1.26 per cent to Rs 1,266 on the NSE today. The highest level of this stock in the last 52 weeks is Rs. 1672 while the 52 week low was Rs. 1185. In the last one year, the Infosys stock has declined by more than 14 per cent. Since January 2023 till now, this stock has come down by 17 per cent.
Infosys share price has declined by 18 per cent in the last six months. A year ago, if there was a withdrawal of Rs 1 lakh in Infosys shares, today its value would have come down to Rs 86,000. Had the shares of this company been bought for Rs 1 lakh six months ago, its value would have come down to Rs 82,000. But now Motilal Oswal believes that Infosys can give 18 per cent return to its investors in the coming months.
The biggest concern for Infosys is its earnings. The stock has declined in the last one year on expectations of a fall in the company’s earnings and has become one of the second worst performers in the Nifty 50 index. Adani Enterprises is the worst performing stock as compared to Infosys.
In the last one month, the Infosys stock has gained only 0.20 per cent, compared to a two per cent rise in the IT index. Infosys made its fifty two week high on December 1, 2022. The market capitalization of this company is currently Rs 5.23 lakh crore.
According to Bloomberg data, 62 percent of analysts have a buy rating on the stock, while the rest have a sell rating. Infosys has got the highest sell rating since 2017. However, Infosys is undervalued relative to the US market and hence most analysts recommend the stock. A total of 47 analysts are covering Infosys shares.
The annual report for the last financial year shows that despite the adverse impact of the economy, Infosys is re-examining its costs and focusing on making its business more resilient. In the near future, Infosys has to invest more in Cloud, Generative AI, Cyber Security, Internet of Things.
